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[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. [8] [1] [11]
The country is also well connected to international financial markets and following the 2016–17 oil crisis, the country has seen an increasing influx of foreign capital over the past 12–18 months – capital importation in Nigeria jumped to US$6.3 billion in Q1–18 (594% yoy growth) vs. $12.3 billion for full year 2017 and $5.1 billion in ...
The Federal Reserve made its first interest rate cut in roughly four years in 2024. Meanwhile, news of a ... the US economy is ending 2024 on solid footing. Below is a collection of 10 charts that ...
United States 14,964 China 5,812 Japan 5,793 Germany 3,310 France 2,560 United Kingdom 2,246 Brazil 2,088 Italy 2,051 India 1,729 Russia 1,638 2005 United States 13,094 Japan 4,756 Germany 2,866 United Kingdom 2,511 China 2,309 France 2,207 Italy 1,856 Canada 1,169 Spain 1,159 South Korea 898 2000 United States 10,285 Japan
The global contribution to world's GDP by major economies from 1 AD to 2008 AD according to Angus Maddison's estimates [1]. This historical list of the ten largest countries by GDP compiled by British economist Angus Maddison shows how much the membership and rankings of the world's ten largest economies has changed.
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [ 1 ] This list is not to be confused with the list of countries by real GDP per capita growth , which is the percentage change of GDP per person taking into account the changing population of the country .
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [ 1 ]